Accounting Essay Examples and Topics. Page 4

Discount factor for year 0=1/ 0 = 1/1 = 1 Discount factor for year 1=1/ 1= 1/1. 962 Discount factor for year 2=1/ 2 = 1/1.

It is possible to allocate all fixed costs for manufactured Product A and Product B with the help of the activity-based costing method.

I strongly believe that time is a valuable resource and spending it on things that do not contribute to the success of a project is the same as wasting money to buy something unnecessary.

For purposes of this report, we only focus on the planning phase, which includes five main steps - understanding the organization's internal control processes, assessing the risk of material misstatements, planning the materiality level, developing [...]

The net income of the company has grown substantially in the past two years, which means that the company was able to manage its expenses effectively to account for the reduction of product revenue.

The most basic and standard type of financial report that every business is expected to maintain is called a balance sheet.

This section analyzes and discusses the financial condition of the Microsoft Corporation with the purpose of elucidating in detail the outcomes of the operations carried out by the company, as well as the financial performance [...]

The audit procedures we undertook when investigating the audit risk areas of Wesfarmers are about the context of our audit process and our analysis of the financial statement of the company as a whole.

To understand the accounting costs that are associated with the production of beer, it will be important to understand the raw materials and other costs that are incurred in the processing departments.

An annual report is a report that a company gives to its stakeholders in order to acquaint them with the company's operations and financial variables for a particular year.

It appears logical to regard surveys as some kind of monitoring tool for the mental processes of the buyers; the key aim of such a survey would consist in understanding what has caused a customer [...]

FIFO implies the assignment of previous expenses to the cost of goods sold and revenues, as new purchases are set to list.

It was these scandals as well as unethical accounting practices that prompted the United States government to enact laws that aim to curb the occurrence of such behavior in the future.

The economic conditions resulted in a decline in the ability of the customers to repay their loans on time. The value further declined to $271,961 in 2009, an equivalent of a 20.

The cost of the services will depend on the amount of work that we are to accomplish and the level of expertise required.

Let's analyze the two options in terms of liquidity, profitability, breakeven point; This is the availability of funds to meet short term and long term financial liabilities as they fall due.

Given that PSGT is a large corporation with capability to expand to global markets; it is likely that its network will be extremely wide.

The market concentration, the function of the number of firms, and their respective shares of the total production in the market, can also be judged and analysed for a better understanding of the company's overall [...]

From the table, in 2006, the net cash flow used in financing activities amounted to US$ million. From the table, in 2006, the net cash flow used in investing activities amounted to US$ million.

Socially, the company helps in the advancement of quality standards in the food industry, safety standards in the workplaces, improvement in retail technology, and aiding charities by direct donations.

A budget enables an individual to forecast the amount of money to be realized upon the execution of a given undertaking. A part of the income from the company will be used to cater for [...]

Therefore, it is evident that the output of the hospital is diverse and calls for the use of a job order costing system.

To reflect the true balances at the end of every financial year of the business, it crucial for the journal entries to be adjusted accordingly since the balances are utilized in drawing other financial statements [...]

The primary purpose of accounting is to provide useful and detailed intelligence for those who want to use the information to make critical decisions.

During such evaluations, creditors need to know how much debt can be realistically paid from the revenue of the business, duration, and profitability of the business, the existing credit and various credit limits, assets of [...]

For healthcare organizations, the following documents must be considered a necessity: a statement of financial position, a balance sheet, a statement of cash flows, a statement of operations, a statement of change in net assets, [...]

Thus, the high gearing level increases the value of ROE. Thus, the resulting values of ROE are -0.

Risk-based auditing, as one of the types of the internal auditing process, involves the thorough analysis and management of threats that can undermine the organization's successful work.

Investors and stakeholders can utilise financial statement examination to assess the past and current financial operations of their business, analyse an existing money related issues, and gauge future patterns in the firm's budgetary position.

In business operations, the term Cash Conversion Cycle refers to the average time that elapses when a business enterprise makes a payment for particular inventory investment and the time when the agency receives payment on [...]

The Balanced Scorecard is a tool utilized in corporations for the purpose of compensating workers in a way that is beneficial for both the management and the workforce. Usually, achievement of the goals and objectives [...]

The brief analysis of literature makes it possible to conclude that the Balanced Scorecard system is suitable for bigger organizations and, in any case, requires the adaptation to the organizational features.

Effective planning is one of the key pillars of this process and focuses on essential areas of the audit such as ensuring that there is adequate allocation of resources to the auditing procedure.

The greater the degree of separation in verification, the stronger the conservatism. Overall, the benefits to conservatism are united by the principle of limiting payouts and meticulous verifiability of profits, which aid in providing accurate [...]

In the current report, the cash budget of Earth Ltd.is prepared based on its cash inflows and cash flows. The data of Earth Ltd.is used for preparing different budgets including production budget, sales budget, direct [...]

However, Tietjen bemoan the fact that in a real-world setting, the accountants do not have absolute power to remain independent in terms of choosing and utilizing the most appropriate accounting parameters for the purpose of [...]

The initial evaluation of the company highlighted the failure to include inventory write-downs in the financial records. It is essential to note that the latter action could lead to the imprisonment of the concerned officers [...]

The main goals of this paper are to discuss factors that predict disclosure levels in Mexico and explain the underlying causes of recent improvements in accounting measurement and disclosure practices in the country.

The incorporation of the Lean Management principles and the concept of sustainable resource usage should be viewed as the means of helping the firm retain its position and address the issue of the debt.

The strategic assessment will be used to provide the management of Central World with analysis and guidance on the best alternatives available to help the company to start trading again.

The first issue is the fact that the loan agreement might be brought to an end by the insurance company. Therefore, the paychecks might be provided to the workers once the balance is approved by [...]

In case the assistant controller would comply with the instructions of the financial vice president and wait one more day, it is possible to suggest that he or she would be fired because of insubordination [...]

Exactly how a costing system impacts corporate sustainability is a critical issue to consider since it is directly related to the success of the company's activities, the applicability of its strategies, and the marketability of [...]

The Finance Director may be the final person to cross-check the accounting work and submit to the board for strategy making.

This paper outlines the efforts that have been made by both the FASB and the IASB in the movement towards uniform fair value measurement for financial instruments and the differences between the two organizations' approaches.

The paper will also evaluate the design of internal controls for the sales process of the company. The diagrammatic representation of the process has helped the auditor to analyze the strength and weaknesses of controls [...]

It is the responsibility of the directors to ensure that the licenses for the casinos are not taken at a higher value than the recoverable value.

Accounting plays a huge role when it comes to budgeting, cost management, appraisals, and corporate accountability and governance, and quality control in the economy of the United States.

Moreover, analysis of recent financial statements for a definite period of time can be used to forecast the future performance of a business entity.

Ball argues that IFRS has an inherent advantage in the way it views the subject of quality in accounting. Conventional setters of accounting standards assessed quality in terms of the reliability and relevance of information [...]

In order to make big data and analytics a part of the auditing process, it is necessary to indicate what type of audit evidence is derived with their help.

As a rule, the area of financial accounting is restricted to the creation and further analysis of the company's financial statements.

The balance sheet of the company indicated that the company's goodwill was impaired and recorded according to IAS 38 Intangible Assets.

In order to better understand factors that influence the determination of external audit fees for Walgreens and CVS Health it is necessary to consider key characteristics of the companies.

The authors maintained research trying to identify a system that provides the most benefit to the organization and stopped on the utilization of the long-term variable cost.

The next stage of the audit consists of conducting extensive fieldwork and checking the internal controls of the audit. The fifth stage of the audit is the creation of a report that dwells on the [...]

The aim of this analysis is to use Cost-Volume-Profit tool for determining the impact of the change in the number of students on the organization's operating profit.

Therefore, financial accounting is highly strict when it concerns the reliability of data used in the reports. In managerial accounting, the demand for information reliability is not as high as it is in financial accounting.

The criticality of such events and their impact on the parent and subsidiaries are the reasons they have to be disclosed as per GAAP.

The cost of manufacturing a product is critical in the computation of inventory, making pricing decisions and in analyzing the profit that is derived from the manufacturing process.

It is also important to be mindful of the development of learning institutions that help shape the skills of accountants and finance professionals. However, it is also a reminder to create an effective hiring mechanism [...]

While the specified precaution measures might seem redundant for an organization of a comparatively small size, where bureaucracy is unlikely to be a problem, a quarterly account of the financial moves made is essential for [...]

ADNOC is a state-owned company that operates in the oil and gas industry of the UAE. The company was founded in 1971, and today, it unites more than 20 subsidiaries, known as the ADNOC Group [...]

In this business capstone project research, the topic of the provision of accounting services to university and college students by a Sydney accounting firm is chosen for discussion to understand if it is profitable for [...]

It is critical that the human contribution towards the growth of the organization becomes part of the positive inflow in the financial statements.

The main reason for the use of the mixed measurement model is flexibility. Thus, it is a tool that is used by the management to maximize the value of the firm.

TripAdvisor can implement the TDABC to determine utilization of capacity for travel and booking. TripAdvisor can go further to calculate the cost of every time unit for every employee based on service delivery and employees' [...]

The discussion describes the sales budget part of the master budget. Baby Cakes will need a budget to analyze the performance of the company and to become efficient in managing its expenditures by controlling waste [...]

Before any sale, the ownership of goods or services is the entity that is selling or providing to the buyer. The work of the agent is to source for the airline the fits the customer's [...]

The paper seeks to discuss extensively the treatment of research and development costs. The company should be able to estimate the cost of the asset.

The primary goal of financial reporting is the provision of financial statements to the relevant uses for the purpose of making credit and informed investment decisions.

The purpose of the research proposal is to outline a research project that will assess the prevalence of managerial accounting tools and methods used in the UAE telecommunications sector in order to determine the preferred [...]

In this instance, the primary goal of the paper is to develop a financial plan for three years, and it has to cover suggesting relevant financial ratio and evaluating the ability of the organization to [...]

Eliminate worker autonomy, increase daily targets and productivity by 70% - 30 points. Decrease worker autonomy, increase daily targets and productivity by 65% - 20 points.

The preparation of financial plans of a company in terms of proceeds, as well as costs and then relating them with the definite outcomes to obtain the variations in the firm's operations, comes with several [...]

It was concluded that ratio analysis is one of the useful tools for revealing, comparing, and interpreting salient features of financial statements presented by businesses.

The farming industry of the nature of John and Mary falls in this category however with such a management accounting system like the one portrayed, then the management is likely to be more easy and [...]

In order to address these issues, one needs to define the earnings management in accounting and standards setting, to analyze the earning management incentives, and to differentiate the ways to test distribution of reported earnings [...]

The main reason for the involvement of the companies in the earnings management activities and manipulations with the reported accounting is their belief that other players in the financial arena consider earnings the main indicator [...]

The gray earnings management is more opportunistic than the white one; it is in pursuit of the economic efficiency and gain for the company that provides the report.

There is a growing number of concerns about the degree to which practices of earnings management are related to fees auditors receive for the provision of non-audit services.

Authored by Burgstahler, Hail, and Leuz and published in the Journal of Accounting Review, the article, "The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms" investigates the mechanism through which issues [...]

Their goal was to identify the causes and consequences of manipulation of earnings in companies. Secondly, the authors established the relationship between the weaknesses of firms' governance structures and earnings manipulation.

Tucker and Zarowin investigate the influence of the smoothing the earnings in the financial reports on the accounting informativeness. The main proposition is that earnings smoothing enables the managers to make more use of representing [...]

While traditionally, income smoothing is associated with the factor of the company's current performance, it is also important to distinguish the correlation with the forecasts about the company's future and the anticipations of the external [...]

The most common assumption among the researchers of the accounting decision-making and incentives of the earnings management is that the approaches used by the managers involved in the earnings manipulation differ depending on the impression [...]

Nevertheless, according to the studies, the personal characteristics of the CEOs can be associated with the style of their financial reporting and, therefore, the tendencies of earnings management.

In addition, the users of the system do not have to worry about downloading the latest version of the software. Sage 50 Pro Accounting is the latest version of the software.

Accounting information is the process of identifying, recording, and communicating relevant, reliable, and comparable information about all business activities in an organization.

In a bottom-up approach, financial forecasting and reviewing of the same as part of the budget management process is critical. The advantage of including managers in the budgeting process is that a good communication between [...]

The greatest interest of the managers is to evaluate the value of revenue and expenses to determine the financial strengths of the business.

The automation of the accounting system will save the cost associated with employing more workers as the system will manage the clients and the staff.

The code of professional conduct for accountants and auditors is developed by the American Institute of Certified Public Accountants and other relevant stakeholders with the view to setting out the philosophy that inspires the rules [...]

It might not, however, be relevant to the 21st century organizations because of the new methods that have been developed both in accounting and for costing.

The author observes that a raft of measures and auditing rules were recently adopted to address the loopholes in the management of earnings in corporations.

Overall, one can argue that this method of accounting should not be regarded as the underlying cause of the sub-prime crisis.

The paper begins with a brief overview of the adoption of IFRS and the progress made so far in the adoption process.

In this respect, the person that can be a member of the Board of Directors in the Qualitas of Life Foundation should be knowledgeable in administration and accounting, certain financial issues though the basics of [...]

The IASB also promotes the application and use of different accounting standards. These new accounting standards 'have the potential to make the earnings of companies more volatile'.

The article by Halbouni and Hassan that is titled "The Domination of Financial Accounting on Managerial Accounting Information: An Empirical Investigation in the UAE" is devoted to the topic of the relationship between financial accounting [...]

Thus, shareholders in a publicly listed company are likely to establish the company's reputation from the caliber of the company's auditors.

In addition, the efficiency would enable the entity to exploit the opportunities, which are available while selecting and applying the accounting policies.

In reference to Crowther, social accounting can be defined as "an approach to reporting a firm's activities which stresses the need for the identification of socially relevant behavior, the determination of those whom the company [...]

The main drivers of this incentive will be the position of the employee, which will be the accounting clerk, the experience, which the holder may or may not have, and sustained performance, which will be [...]

To gain more understanding on the adoption of a set of global financial accounting standards, this paper will discuss arguments for and against the adoption of a set of global financial accounting standards from the [...]

The balance sheet for the Lemonade stand business is got from the data in the journal and the general ledger; and is a summary of the final figures for the account held by the Lemonade [...]

The reduced use of the IFRS was intended to reduce the unnecessary reporting to the users and to improve their understanding of the statements and not to impair the reliance and truthfulness of such reports.

This implies that the resultant profit is on an accrual basis and does not denote the surplus money in an entity.

The expansion of the global interactions especially in terms of the global market is what led to the need for the enactment of international standards.

Accountability of FIFA would help in improving the management of football. This is due to the various complex factors that are involved in management of football.

The paper discusses the accounting cycle of the office of the chief financial officer. The first step is identification of the transaction and the events which surround the transaction.

An understanding of the main purpose of the report is critical in the sense that it links the findings from Johnson and Johnson's annual reports as well as sustainability reporting in the US financial reporting [...]

In this context, Kanodia et al.reckons that Australia entangles one of the fascinating setting for conducting a study on the impacts of IFTRSs on the values of a firm due to the differences that the [...]

According to the stakeholder's theory, the issue of ethics and morality are important in making sure that the managerial decisions of the organization do not negatively affect the stakeholders. However, the illegitimacy of the decision [...]

The decision made in this situation is unethical as it leads to a creation of a misleading financial statement. This generally is unethical as it represents a favourable financial position of the company but which [...]

According to the set accounting standards, AASB 101 Presentation of Financial Statements, there is need for executives in the company the CEO and the CFO need to approve the financial reports in writing, which the [...]

Financial accounting refers to the type of accounting that deals with preparation of financial statements, using accounting techniques, for financial reporting.

That is why, it is important to focus on the most important skills necessary for realizing the internal control within the company in relation to financial issues and to determine the legal responsibility of forensic [...]

The entire process has to monitor the operations of the company in order to ensure fairness, transparency, and equity to all the stakeholders.

Also, the scandals made the World Bank and the International Monetary Fund introduce Reports on the Observance of Standards and Codes to assist in accounting and auditing of developments and priorities in different nations and [...]